THE MEADOWS NURSING HOME — financial and operating metrics

CCN 225724, NORTH ANDOVER, MA · Medicare cost reports, FY2022–FY2024

Unverified figures. Metrics marked unverified are derived from cost-report coordinates that have not yet been reconciled against audited financial statements. We show you which, rather than hiding it.

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MetricFY2022FY2023FY2024
Total facility bedsunverified404040
Total bed days availableunverified18,30514,60014,640
Total inpatient daysunverified13,02512,99512,953
Total patient revenue (gross charges)unverified$28,426,862$30,544,125$32,100,604
Contractual allowances and discountsunverified$1,836,794$2,313,021$2,839,089
Net patient revenueunverified$26,590,068$28,231,104$29,261,515
Total operating expensesunverified$28,324,938$29,667,534$30,306,455
Net income from service to patientsunverified$-1,734,870$-1,436,430$-1,044,940
Net income (loss) for the periodunverified$-5,342,339$4,244,557$4,867,115
Operating marginunverified-6.5%-5.1%-3.6%
Occupancy rateunverified71.2%89.0%88.5%
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